Posted on 03/09/2012 11:05:29 AM PST by VU4G10
Rick Santorum built his presidential candidacy on the premise that he is very different than wealthy, establishment front-runner Mitt Romney, that he is someone who has faced the plights of the average American. Among the hardships Santorum claims to share is an underwater mortgage, the kind that's forcing millions from their homes.
"The value of my house is a fraction of what it was when I bought it," the former U.S. senator from Pennsylvania recently told Michigan supporters.
But the Republican presidential contender's housing situation is quite unlike the one so many other Americans actually face, according to experts and documents obtained by The Washington Examiner.
Santorum bought his $2 million, five-acre home in the tony Washington suburb of Great Falls, Va., in August 2007 through a trust in a deal aided by a high-profile tax lawyer who serves as an officer for one of the largest homebuilders in the country.
(Excerpt) Read more at campaign2012.washingtonexaminer.com ...
Me neither. I’ve got a home in Glory Land that outshines the sun. Way beyond the blue! Amen.
In Northern Virginia a $2 million home (tax assessed) is not an “estate”, it's an upper middle class colonial. More like what we call a “tract mansion”
Just take a drive around Leesburg, Oakton etc
For a former Senator and attorney who works inside the Beltway, this is actually a rather modest home
I like the quote from the guy (democrat operative) who tries to make it sound like Santorum was trying to hide something because after he left the Senate, he got a job and stayed in DC and bought a bigger house in the suburbs
SAY WHAT?
oooh, “lack of transparency” there, eh folks?
Oooh and Santorum refinanced his house as interst rates dropped but he still has..... equity
His mortgage is not underwater! He won't get foreclosed...
more reason for hate and envy, eh folks
In Northern Virginia a $2 million home (tax assessed) is not an “estate”, it's an upper middle class colonial. More like what we call a “tract mansion”
Just take a drive around Leesburg, Oakton, Great Falls, Fairfax etc
For a former Senator and attorney who works inside the Beltway, this is actually a rather modest home
I like the quote from the guy (democrat operative) who tries to make it sound like Santorum was trying to hide something because after he left the Senate, he got a job and stayed in DC and bought a bigger house in the suburbs
SAY WHAT?
oooh, “lack of transparency” there, eh folks?
Oooh and Santorum refinanced his house as interest rates dropped but he still has..... equity
His mortgage is not underwater! He won't get foreclosed...
more reason for hate and envy, eh folks
That is one beautiful house!
That said, if you just lost your job, would you be able to purchase a 2 million dollar home?
That depends on how much you like your kids.
A 2 million dollar mansion in Northern Virginia will get you a modest home especially with 7 kids which means 4-5 bedrooms. But here we go again bashing success.
“That depends on how much you like your kids.”
LOL! I must like mine a lot!
Read the article,
home values HAVE GONE DOWN
He is just not underwater, now there’s a reason to hate him
2007 was boom times in NoVa, people love to talk about real estate around here and used to count their equity as it climbed month by month
I lived here in the early 90’s when the Beltway market crashed and some folks got a reality check, I guess some thing just repeat themselves
Oh, no the man owns a house, if his is worth that, newts is about 10 million.
I disagree, found it to be an interesting story.
Learned that he bought this DC area home after loosing his Pennsylvania reelection bid. If he is from Pennsylvania, why did he move to Virginia when he lost his job in the DC area?
There’s no hate and envy here, just curious why people like you want to suppress information?
What a hit piece. Nothing illegal, nothing immoral. Just a class warfare- hit piece.
My sister lives in the area too, and her home is down in value as well.
I don’t care as long as he got it legally. I inherited land and sold it to build one of my houses. My business totally, but I guess some envious liberal could still whine about it.
I have no problem with success. I have a problem with:
1. People who take out mortgages they can’t afford when times are tough
2. People who buy at the top of the market and complain when the market goes down - as if they have a right for the market to always go up
3. People who think a $2,000,000 house is an “Average Joe” house
Let's talk about those black folks who own that moving company. You know, the ones who haven't paid a dime on their mansion for five years but are still living there. How does this narrative fit into Bell's critical race theory?
This looks like a direct lie.
He did not say it is underwater.
He said a fraction of what he paid.
WTF? Let’s leave the lies to the Leftists - shall we?
Got something to say - say it.
Maybe Santorum shouldn’t try to make a sob story out of his success... Kind of like Romney’s “I know what it is like to be unemployed.”
“Many Freepers own $2 million dollar properties.”
Says who?
And where’s my $2 million dollar property?
Because I sure as heck don’t have one.
By the way, which candidate do you like, because you hate Gingrich and you hate Santorum.
that whole issue was a democrat hit job
Imagine a Senator from PA, and a PA resident by legal definition, not being to enroll his kids in an online PA charter school at a fraction of what it would have cost the school district to educate his 7 kids if he left his family in PA while he served in the Senate.
He did not LIE about his residence. Democrat operatives picked up on the technicality that he didn’t “live” there, but it was his PA residence while serving in the Senate and living in Virginia
Rick was Palinized by democrat operatives on this
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